Birchcreek Wealth Management LLC Invests $218,000 in Strategy Inc $MSTR

Birchcreek Wealth Management LLC acquired a new stake in Strategy Inc (NASDAQ:MSTR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 540 shares of the software maker’s stock, valued at approximately $218,000.

Other hedge funds have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Strategy during the 1st quarter worth about $13,795,000. Hollencrest Capital Management increased its position in Strategy by 4.0% during the first quarter. Hollencrest Capital Management now owns 1,934 shares of the software maker’s stock worth $558,000 after purchasing an additional 75 shares during the last quarter. Lindbrook Capital LLC raised its stake in Strategy by 15.4% during the first quarter. Lindbrook Capital LLC now owns 622 shares of the software maker’s stock worth $179,000 after purchasing an additional 83 shares during the period. HighPoint Advisor Group LLC boosted its holdings in shares of Strategy by 22.7% in the 1st quarter. HighPoint Advisor Group LLC now owns 4,462 shares of the software maker’s stock valued at $1,286,000 after purchasing an additional 825 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of Strategy by 21.1% during the 1st quarter. Wedbush Securities Inc. now owns 10,503 shares of the software maker’s stock valued at $3,028,000 after buying an additional 1,830 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao sold 30,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total value of $10,721,100.00. Following the completion of the transaction, the executive vice president directly owned 12,726 shares in the company, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jarrod M. Patten purchased 12,000 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the purchase, the director directly owned 29,335 shares in the company, valued at $2,841,974.80. This trade represents a 69.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 36,399 shares of company stock worth $3,539,220. Corporate insiders own 8.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. HC Wainwright cut their target price on Strategy from $521.00 to $475.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Canaccord Genuity Group upped their price target on Strategy from $464.00 to $474.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Monness Crespi & Hardt set a $175.00 price objective on Strategy and gave the company a “sell” rating in a research note on Tuesday, October 28th. BTIG Research decreased their target price on Strategy from $700.00 to $630.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Benchmark restated a “buy” rating on shares of Strategy in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $485.80.

Strategy Price Performance

Shares of NASDAQ MSTR opened at $241.93 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Strategy Inc has a 1-year low of $219.68 and a 1-year high of $543.00. The company has a market capitalization of $68.60 billion, a price-to-earnings ratio of 21.30 and a beta of 3.87. The business has a 50-day moving average of $309.93 and a 200-day moving average of $360.77.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, topping the consensus estimate of ($0.11) by $8.53. The firm had revenue of $128.69 million for the quarter, compared to analyst estimates of $116.76 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.Strategy’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted ($1.56) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Strategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.